Flutter Entertainment (NYSE:FLUT) Upgraded by Peel Hunt to Add Rating

Peel Hunt upgraded shares of Flutter Entertainment (NYSE:FLUT) from a hold rating to an add rating in a report published on Monday morning, Marketbeat.com reports.

A number of other research analysts also recently issued reports on FLUT. Macquarie reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Craig Hallum lifted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Susquehanna decreased their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, March 5th. BTIG Research set a $323.00 target price on Flutter Entertainment in a research note on Monday, February 3rd. Finally, Truist Financial assumed coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price on the stock. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $227.21 on Monday. The company has a market cap of $40.32 billion and a P/E ratio of 1,032.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50-day moving average is $266.61 and its 200 day moving average is $251.76. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the transaction, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the sale, the chief executive officer now directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at approximately $239,306,000. Vestcor Inc purchased a new stake in shares of Flutter Entertainment during the third quarter worth approximately $815,000. DJE Kapital AG acquired a new position in Flutter Entertainment in the 4th quarter valued at $442,000. Benson Investment Management Company Inc. purchased a new position in Flutter Entertainment in the 4th quarter valued at $5,116,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Flutter Entertainment during the third quarter worth $802,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.